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starting with steve. >> good morning, tori and dave. thank you. it's cold out there. temperatures a few upper 20s. santa rosa 29 degrees. sebastopol 28. there is cold numbers out there. it will be mostly sunny and very chilly upper 40s and low 50s. here is tara. >>> here's a look at the east shore freeway. you can see traffic moving along nicely. at the bay bridge toll plaza we have no delays as you make your drive into san francisco. let's head back to the desk. >>> 4:59. believe it or not it is now 2013 live picture. look at the big lifts and the kiss. lots of fire works. crowds gathered on the shore of the harbor watching the skyline explode. all the colors of the fire works 2013 is here. 1.5million people expected to be ringing in the new year at this particular celebration and millions are watching on television from home live as we are here in the bay area. you're also watching this. this is new zealand ringing in the brand new year. 2013. a lot of cheers. the boat horns going off then you have the fire works. this is over the auckland sky tower. new zealand being one of the first
the heat of the sun in hawaii going to the heat in washington. steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the day's top worst performing sectors i should say. new home sales surging to strongest level in more than two years. sales jumping 4.4% from october to an annual rate of 377,000, more good signs that that housing sector much needed to improve the rest of the economy is finally getting a boost. and the number of americans filing new applications for unemployment aid falling to its lowest level in nearly four and a half years. initial claims dropping 12,000 to a seasonally adjusted 350,000 the week prior was revised up by a thousand. da
-- highway 24 through la fayette, no delays. here's steve. >>> mostly clear, cold this morning. a little breeze for some. most temperatures are in the 30s. there are some upper 20s. we have a system coming in. it's splitting. i think the pattern -- this is a sign of things to come here for a while after what's been a very, very busy november and disease. i think things quiet down in january. part of this system will go north. part it is will south. 28 in santa rosa. 47 in livermore. this may be a very localized event. this is at the livermore airport. out by the lab, it's 33. they are getting a little northeast wind off the altamont pass. that's the only thing i can think of because not far away, it's 15 degrees chillier. upper 30s for some lowser to the -- to the bay. 6 -- for some lower to the bay. 6 below in tahoe. man. that's cold. see a little bit of shower activity trying to form off the north coast. i think this is falling apart. this low is heading towards southern california and i think therein lies the trend. the pattern looks quiet for the for the next 10, 15 days. you usually
snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we do have a winter weather advisory set to go into effect late tonight into the day tomorrow. north and west of d.c., including frederick maryland, and the panhandle of west virginia. what to expect and when coming up in just a few minutes from the bill for whether -- belfort furniture weather center. >> a new york woman is charged of running a scam following the massacre newtown, conn. she posted hours after the shooting she was the kind of one of the victims. the fbi also said she sent a labyrinth text me
. steve hayes, senior writer with the "weekly standard" and fox news contributor. jeffrey cleveland senior economist. and doug cote, chief market strategist with ing investment management. i will start with you, sir, doing, sure looks like investors believe we'll get a deal. what do you think? >> i don't think it matters. really what i'm focused on i know what the budget control act of 2011 is. let's call it what it is. it is a loss. why will there be tinkering in the last few days? as a strategist i will not be able to discount what they're doing. i think they just make it worse. i know what i'm getting. they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest prob
's baby and the fiscal cliff countdown thing, it's about to get serious. >>> i'm steve kornacki. fiscal cliff tops the list of banished words. sloped does not agree on the list. i fully agree. >> >>> i'm crystal ball. never again after today. who am i kidding? cliff, cliff, cliff! i can't stop myself. >>> the latest on kim kardashian, kanye and the baby ahead but the other story in the headlines today. america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time
, thank you. i want to start with steve on this one. this sunday when given the opportunity to defend hagel, chuck schumer i just mentioned, refused to do so. listen to what this very smart senator from new york had to say. >> that's his choice. i think once he makes it, his record will be studied carefully. but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> steve, i have a sense that this knocking of this candidate has gone beyond neocons, people of the right. and including people who are just generally pro-israeli which is about most people in politics. i get the fear -- i have to call it fear because i liked hagel, that he may be in trouble now. the shots that have been taken at him about calling it the jewish lobby which is a problem because obviously people are very pro-israeli from the right. to use that term these days is the kind of thing that just ends up causing a lot of problems with people in the middle politically. they'd
are retired now? caller: yes. host: steve in phoenix, kind of business do you have? caller: i have a trucking company. we move products locally in the state of arizona. the fiscalw how cliff is going to affect me personally. since we cannot produce things, any company that is affected negatively, that will affect us negatively. withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it.
to carry guns. joining me now is dr. steve perry, host of "save my son." steve, good to have you here and hearing about what's gone in virginia and the possibility of teachers might be given permission to carry a gun in to the classroom. much of this debate has been fueled by the fact that the ceo of the nra said it's only going to take a good guy with a gun to stop a bad guy with a gun. are you worried about where this conversation is doing and that's the slippery slope, talking about stopping guns? >> absolutely. what we have done is allowed hysteria to step in and get us afraid of what was otherwise a safe setting. the american public schools are safe. approximately 70 million children went to school last friday and came home. their schools are not unsafe. in fact, whether it be virginia or new jersey, in my school in hartford, we have ten different points of entry or exit as they're designed to carry the load of 700 children. you would have to post an armed guard at every single door and even if you did, if they came in with an assault rifle, with 30 rounds in the clip, they're go
from congressman steve israel, democrat from new york. stick around for that. >>> the other big developing story we're following, secretary of state hillary clinton in a new york city hospital this morning being treated for a blood clot. her spokesperson says the clot was discovered during a routine followup exam yesterday in the wake of the concussion she suffered several weeks ago following a fall. now, nbc news chief science and health correspondent robert bazell is live from new york there in front of the presbyterian hospital. bob, what do we know about secretary clinton's condition and how she is being treated right now? >> richard, we know precious little. we had the one statement yesterday evening from secretary clinton's staff that said she suffered a concussion that was related -- excuse me -- suffered a blood clot related to this concussion. usually when somebody has a blood clot related to a concussion it is in the brain and would not be treated with anticlotting drugs. she is being treated with anticlotting drugs. so maybe she has a blood clot someplace else. we don
, steve. i would like to thank the secretary for his kind comments and i think it's important to note in addition to our united states senators, we are joined by the entire colorado delegation. our members of congress, diana degette, jared polis, cory gardner and congressman perlmutter. thank you all for being here as well. i had the great privilege to be with our former senator in the shadow of the rocky mountains where this tree once stood and we now have the high privilege of standing in the shadow of the capitol of the united states of america to be able to celebrate this season. when we went to carve that tree, we were joined there by members of the ute tribes. they are inherent to our area. the people of the ute tribes, they have a word that things are good -- to make sure that all is good. native american culture, it's about wind, about the sky, the land, and water. comes. this tree, which will represent the spirit of the state of colorado and indeed our nation speaks also to the importance as the secretary noted of forest health. in the state of colorado, we have many challeng
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
representative congressman steve latourette. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats and republicans is, quote, within reach as america ticks closer to the fiscal cliff at midnight. >> they are close, but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're supposed to do, they will use that last second. >> duown to the wire. if you thought the fiscal cliff snuck up on congress, the
faced over past three decades politically. gregg: what of john boehner though? steve latourette, who said, the same 50 or 60 chuckle heads who always screw things up, speaking of the tea party group. >> yeah. gregg: he said it is not really the speaker's fault. is it the speaker's fault? >> well, look, i think boehner was, he is in a bad spot. there are no good outcomes here for republicans. there have been no good policy outcomes for republicans. i watched the steven latourette comment, one of the things that struck me, these are the guys, 50 or 60 chuckle heads came here and screwed things up. the presumption congress was working just fine before they arrived. i would argue that it is nice we have people in congress who are actually serious about looking at the long term consequences of our overspending over these past couple of decades. that is where the real problem is. he can say they're stubborn and not willing to compromise and all things he said repeatedly as he made those criticisms but the reality is they're actually trying to solve the long-term problem. he may not like th
. >> julie seger watches c-span on verizon. >> on the subject of the fiscal cliff, we spoke to steve forbes this morning and got his take on the subject. host: joining us now is the chairman and editor in chief of forbes media, steve forbes. he will be with us for the next 45 minutes to take your calls. let's start with where we started this morning on "washington journal." have you looked at the fiscal cliff and have you made plans or altered your 2013 spending as a business owner on this issue? guest: the answer is not yet. the big factor will be what happens in health care, which kicks in it in 2013 and 2014. you're kind of immobilize until we get a fix. we are moving ahead on the projects we are doing. people are being cautious. we hope this thing will be successfully resolved and that we do not go into a recession next year. host: how would you like to see this issue played out in washington? what is the best economic solution? guest: the best economic solution is to avoid raising taxes. the best we can hope for is that they kick the can down the road for a couple of months. you are no
'm beginning to follow jesus with steve louisiana tor ret, you're crazy. >> sorry, baby. can't top jesus. >> thank you so much. we'll be right back. [ nyquil bottle ] you know i relieve coughs, sneezing, fevers... [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> more good economic news this morning when can tcomes to new home sales. they are up for the month of november and the best in two years. alison kosik is here to break down the numbers. >> this is another sign that the housing market continues to be the brightest bright spot in the economy. new home sales rose 4.4% in november. that's in line with forecasts in showing that the median price for a home is just over $246,000. this is a sharp turn around when superstorm sandy drug down the sales. these numbers give us good indications about how the overall economy is doing. new homes typically are more expensive than previously-owned ones since they are built from
department public information officer, steve huffman. mr. huffman, thank you for joining us. one of the churches, trinity episcopal suffered a lot of damage. part of the roof is gone, front part of the parish is gone. and they went through a $1 million renovation. thank goodness it didn't happen when the church was packed. as daylight breaks what is the biggest challenge in terms of cleanup? >> we had public works crews working throughout the night and alabama power crews working to restore power in those affected areas. these guys -- i mean, unfortunately, this was not anything new to us. now, tornadoes are, but we're used to hurricanes, so we deal with power outages and things like that in emergencies such as this. our guys are well trained to respond to the types of incidents? >> how rare is it to have these tornadoes at this time of the year and nobody hurt, so you must have had pretty good warnings out there? >> we have been told a couple of days ahead of time to expect some severe weather to include tornadoes, and i think everybody was prepared for that. of course, we were
the country. dennis: the white stuff isn't bad news for everyone. record snowfall means big business for steve resorts. we got the ceo. shibani: let's look how the ten year treasury is fairing down four basis points. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i am adam shapiro with your fox business brief. a tough day for the market with a few days left before tax hikes and budget cuts go into effect. harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be in
this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is they object to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these m
margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to make the deal they know they have to make. everybody wants to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is going to matter to somebody, which side is it really going to matter to? ivities the blame is on both sides. what's driven this whole process is republicans are very opposed to -- just the republicans who will vote for any tax increase. we learned last week from the plan b vote. once we go over the cliff, republicans are ready for a tax cut, not an increase. right now that's what the big challenge is. >> chip, is that the biggest strategy here, get to the third and pass the third, the new congress comes in, boehner danger doesn't exist anymore, his speakership stays in place and grover norquist gives a thumbs up to up? >> i don't think tha
't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart arehe two groups? >> it's inresting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is theybject to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these markets every day. it's happening in every industr
importantly trying to put people of color in positions of thofrt. >> at least when it comes to elected. steve, massachusetts will also have a special election most likely in spring after john kerry's expected confirmation. and scott brown with a command been lead in a lot of the polls. can any democrat give him a run for his money? >> i think so. i think several members have talked about running. it's a very democratic state. i think the republican party brand is at an all-time low. by the time we get to the special election in march or april, it will probably be lower based on the performance this week, so i think we'll have a real good shot. the white house and party are going to commit to do whatever they can to make sure we're competitive. >> can i respond quickly? >> very quickly. >> scott brown is a different kind of republican, very moderate. most massachusetts individuals really like him a lot. his only downfall is he was running for reelection in a heavy presidential year. >>> a major turning point for the housing market. we'll have that next. >>> president george h.w. bush is in gua
congress steve la turret of ohio, a member of the appropriations committee. thanks for coming "outfront." with this plan that the president's put forward, the scaled-down plan which would keep taxes low for 98% of americans, raising them for folks over 250, extending unemployment benefits. would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell whi
policy community, is that he's now getting shot at from the left and the right. >> like steve perry's voice never leaves journey, andrea mitche mitchell's presence never leaves. under fire before nominations are even announced. joining me now, politico's jake sherman. you heard from the great woman herself, andrea mitchell, they can't keep putting out trial balloons. what's the white house doing right now on hagel and can they save him? >> i think the problem for him is he has no constituency. >> georgetown professor, yeah. >> i'm not sure what his path is through the senate, and is this a fight the president wants to have in the beginning of 2013 when he has the fiscal cliff, government funding, debt ceiling, taxes, all these issues out there where he's going to have to fight tooth and nail, does he want to fight on chuck hagel and that's something to be seen. >> i want to turn our attention to the fiscal cliff, because you have some interesting reporting coming out right now. gop leaders had a phone call today. >> they are talking on a conference call, which is how they usually co
, $300,000 for couples. that is a concession for the president. and our colleague steve leisman has been also doing reporting on this. he just spoke to me by phone as i was preparing to go on with a source familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax
, in the memoirs, he was only able to use a signal fraction of the tapes, and i asked steve, head of the library, and it may have been jim at the time, is this public domain? yes. can i use it? yes. as a result, bud was speaking to me every day literally. it was a lucky find. now future generations can use it and some of the personality sketches, made great use of it, intelligence service, all of that is in there, and, particularly, some of the notes on who used the sources and how he infiltrated in, that's all from the tapes. that was the main source of data, the personal papers were a main source of data. the family papers a source of data, and i used the declassified and unclassified documents that are in the history center. getting access i need, i leave that to the next generation. any other questions? i think there was one more. okay. that's a good sign. maybe i answered them all or maybe you want to go back to the bar. on that, thank you, all, it's been a real honor to be here, enjoy the book. every author -- i were the day six years ago when i started this project. every author dreams of
on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok.
think he's doing okay. [laughter] heather: our steve harrigan is live from palmetto bay where the marine has just arrived and, steve, no doubt a big celebration. >> reporter: heather, a real subdued atmosphere here right now. that four-month ordeal just ended 90 minutes ago. that's when the father, with john hammer, just raced up this driveway. there are some concerns about john hammer's physical condition. they did stop off at an emergency room enroute home from that mexico/texas border. he's suffering from dehydration, his father says he's having trouble standing up, but this will be the greatest christmas the family's ever had. >> reporter: must be a really tough time for you right now. tell us what you're feeling. >> no, this is great right now. i'm glad to be talking to you about that it's over with. because it's really over with. >> reporter: it's still really sinking in to the family this is finally over with. initially, they had a low-key approach to try and win his release. after that failed, though, they went more and more public, appearing on television and also pressing their
morning, america and steve. this is a great time to be an american. i think we are all looking forward to the new year. i am a loyal but nervous. -- i am a little bit nervous. mitch mcconnell is the key. he can take the president over into the presidency and a came a great man. we need to make sure we let mr. mcconnell know that history is there. i know he has a lot of issues. everyone bacchant e-mail, text -- everyone can e-mail and text and let mr. mcconnell n know. the tea party is off the rail. this will make this country take off. i hope mr. mcconnell sees this. everyone out there, the game has been played. host: thank you for the call. harry is joining us from pittsburgh. caller: this whole thing is ridiculous. i started paying social security and 14. i have quite a bit of money in there. i have made my own way. record, the past money they are asking for, that is mostly white people making that money. they should call it what it is. that is still whitey's money. i wish i was as smart as it then people. a lot of people have called then and have not worked hard. everybody wants the
in a decade. some are in it for the first time like steve jobs jon stewart, and barack obama and plenty more. we spoke with the men responsible for collecting the world's most memorable lines. >> ask not -- >> they range from the epic -- >> what your country can do for you, ask what you can do for your country. >> to the outrageous. >> i love the smell of napalm in the morning. >> some are better sung. ♪ for only love can conquer ♪ >> others can hardly be read. they are the phrases that define our world, all found side by side in one place, "bartlett's familiar quotations." if you want a snapshot of who we are and why, this is where to look. >> always be closing. >> the collection of quotes was first published by john bartlett in 1855 as a way to keep notable passages all in one place. it was then 258 pages long. >> obviously, the original edition was dominated by the bible, by shakespeare. that is what has expanded tremendously. >> the complete works of elizabeth jordan. >> geoffrey o'brien is the editor of the just-released 18th edition of bartlett's, now a massive
is on the independent line from colorado. caller: good morning, steve. i listened to it the myopic dogma in this segment over and over. the only people i can blame on this are the american people. the people who sit here and listen to these guys that are extremists and and they vote him into office -- them into office. i hear people say let's get rid of epa. if you look at how much epa takes out of our budget, that's like worrying about nothing gary people need to turn off the tv and start studying more. crack some books. look at economic spirit trickle- down economics does not work. name a country where it has worked? maybe estonia. but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a
christine romans and ali velshi. >> number ten, apple, the first year without steve jobs and the company is trying to prove under a new ceo that it can still invent things we didn't even know we would wee needed that we would buy faster than anything's been sold in personal technology before. >>> number nine, the u.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money's been on the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, it looks like a mother's touc
less than they otherwise should be or would be. >> and we talked to "the wall street journal's" steve moore a little while ago and i asked him about the psychological effect if we go off the fiscal cliff. i want you to hear what he said. >> i talk to small businessmen and women all the time. they say, we're not hiring now. we're canceling a lot of our plans to make new expenditures, which you need to do if you want a vibrant economy. and we're really seeing the impact in the stock market the last couple of weeks. so this is not a good way to run a railroad. and the economy is already taking a hit because of all this turmoil in washington. >> you agree with that, that we've already seen the impact of not having a deal to avoid this cliff? >> i don't think we've seen all of the impact. undoubtedly, stephen moore is correct that the stock market is reacting, particularly over the last couple of days. but most people, most institutions, most companies, most consumers assume that there will be some sort of a deal or if there's not a deal, at least by monday, then there will be a deal withi
the truth from the man. host: steve from arizona. caller: my hero is my congressman, ron barber. as your viewers might know, ron was shot in an act of political violence a couple of years ago. he went on to run and provided our district a meaningful choice for republicans to make away from extremism. host: how did you first know of mr. barber? caller: he first came to my attention during the coverage of the shooting of gabrielle giffords. host: was that instance and the aftermath that set him up as a political hero, in your mind? caller: going through that process of being shot and then coming back and having to run two very difficult campaigns with some much money pouring in against him in a vitriolic circumstance. host: what are about his positions that stand for you and you are drawn to? caller: i am a liberal democrat and i agree with all his positions including those on gun control. it is not his positions that making a hero. he was willing to go through two more extremely difficult campaigns. we have a deeply divided district. he is -- host: apologies to him. gene from topeka, kans
that collected $20 at the bar after we played basketball. >> to have steve show up at my house today, it means a lot. we totally have zero. we lost everything. couple of items here and there, but -- >> hello? when you do something for somebody, the, you know, you go through the tears, you go through the thanks, the hugs and everything, but at the end of the day, you walk away, you go -- i just -- your name came across our desk. so from the gray beards. >> you don't have to do that. >> how are you holding up? all right? >> yeah. >> i did good today, you know? i helped somebody. >> little something, all right. hope you get through. >> the gray beards change a person's life. there is an expression in rockaway about you're born with sand in your diaper. after years of irritation, you know, you want to feel good, so you go out and help people, you know? >> there you have it. people trying to lend a helping hand. if you forgot to do your christmas shopping, or waited until the 11th hour, you're not alone. this is the 11th hour, by the way in case you were wondering. alison kosik is at the new york s
. steve jobs had been cast out, he comes back in, reinvents the company. it's one of the greatest business success stories in the history of modern society if not longer. >> at one point, apple stock approached $700, right? now the stock is, what, near $600? >> yeah, likely because of capital gains. >> who can afford to buy the stock? >> studies have shown, mike, if you buy one share -- you have $500 to invest, you buy one share of a $500 company, you might not think you can make as much as buying ten shares of a $50 company, many studies show you can make just as much because it's $50 for a reason. >> buy one share. i'm not advising. >> where is the libor scandal story? a dozen banks. >> thanks a lot, by the way. >> apparently, my hatred of the uk helped. i didn't want to say libor. >> i know it's boring. >> because the antinm, bore. and i promised barnicle that i wasn't going to say fiscal cliff. i promised not to say it. i found other stories. and libor, i hear you. >> i love that story. terrible word. >> that's what we talk about, libor. in the real world, no. >> big deal. banks are do
a moment. we also have pimco's mow hammel el-erian. >>> steve sedgwick is standing by in london right now. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the cac 40. we have no fiscal cliff deal as of yet and it is up 1%. that means the cac 40, the french equity ma
from the hospital. people were so outraged that one congressman, steve king from iowa, actually went on the floor of the house and denounced this move. well, as a result of all the coverage, the order was rescinded, but again, it's just-- >> who gave the order? >> this came from his superiors in the army. so, the challenge here is there have been so many attacks on religion, especially the christian religion in the military, just a couple of weeks ago we did a story about a base in afghanistan where they were ordered to take down a nativity scene because it might offend people. >> dave: and the attacks even having on the football field and the attacks-- >> you have to wonder what's going on here. a group of high school cheerleaders in texas of all places, well within the bible belt, put up a banner that had a christian slogan, a christian bible verse. an organization out of which is wisconsin they got wind of it and they threatened to sue unless they took down the bible verses, you state of text it is got involved. and you don't want to mess with god or guns in texas, but they keep t
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